The Purchasing Power Of Money
Book description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references,…
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1 author picked The Purchasing Power Of Money as one of their favorite books. Why do they recommend it?
Grappling with the meaning of money and unraveling its impact on prices or on the creation of wealth is enduringly controversial.
Fascination with money - to eyes or pockets - is universal. Fisher understood this!
He defined money simply as what is acceptable in exchange for goods: bills, coins, cheques - legal tender - or other forms of debt.
Since inflation, for Fisher, is a monetary phenomenon, and as in classical physics, where one matter is equalised to another, in his economics, money-on-the-move is always balancing products-for-a-price; in the long run, too much money or too little does not…
From Omar's list on theoretical reads about money, credit, and debt.
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